Ethereum May Be Nearing a Bottom Against Bitcoin, Analyst Suggests

Crypto analyst Benjamin Cowen suggests Ethereum (ETH) could be approaching a bottom in its valuation against Bitcoin (ETH/BTC).

In his recent video update, Cowen noted that ETH/BTC might have hit a low at 0.04 BTC, though he warns that historical patterns show the pair could briefly fall below this level before potentially rising.

Cowen draws parallels with past cycles from 2016 and 2019, where ETH/BTC initially dropped below its previous low but eventually recovered.

He advises that while the current level might seem like a bottom, there’s still a chance of a further dip before any significant rebound. Historically, these temporary lows have been followed by stronger recoveries, as seen in the previous cycles.

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Cowen’s analysis points to a recurring trend where Ethereum’s price against Bitcoin experiences short-term declines before finding a solid bottom and gaining upward momentum.

Investors should remain cautious but also attentive to potential buying opportunities, as these past patterns suggest that patience could be rewarded with future gains.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.